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Reliance Comm, Aircel close to tower deal-paper

Posted on the September 2nd, 2009 under Alliance by Rohit

Reliance Communications, is close to a telecoms tower sharing deal with local peer Aircel that could fetch India’s No. 2 mobile operator revenues of about $300 million over 10 years, newspapers reported on Tuesday.

The deal with unlisted Aircel is expected to be announced in about two days after the paperwork is completed, the Mint said, citing an unnamed industry official close to the development.

The Business Standard said the deal would include sharing of towers, voice carriage and bulk bandwidth. When contacted, a spokeswoman for Aircel, majority owned by Malaysia’s Maxis, denied the development.

“There is nothing new. We have been sharing towers with several operators for a long time,” she said, adding the company was already sharing towers with mobile firms including Bharti Airtel and Reliance Communications.

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11 Responses to 'Reliance Comm, Aircel close to tower deal-paper'

  1. April 9, 2010 at 3:27 pm
    Vijay B.Modhwadia
  2. April 9, 2010 at 10:47 am
    rishal singh
  3. March 30, 2010 at 2:29 pm
    RAMAN KUMAR
  4. March 18, 2010 at 7:46 pm
    harpal singh
  5. February 15, 2010 at 2:33 pm
    ajit
  6. February 7, 2010 at 11:48 pm
    jagbir singh
  7. January 25, 2010 at 12:22 pm
    Sunil
  8. November 23, 2009 at 5:27 pm
    V.V.G.K.MURTHY
  9. October 1, 2009 at 9:17 pm
    Rohit Saluja
  10. September 16, 2009 at 12:33 pm
    Rajesh tyagi

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